Saudi Aramco profit down 44%

Houthis say US plan to end Yemen war doesn’t go far enough

(Photo courtesy: Saudi Aramco)

Saudi Aramco is making good on its pledge at the time of its initial public offering to pay $75 bn in dividends to shareholders despite a 44% drop in 2020 profits after the coronavirus pandemic forced economic lockdowns and imposed travel bans that cut oil demand and caused crude prices to fall sharply.

The state oil giant r…